News about Paramount Corp

KUALA LUMPUR (Sept 2): Property developer Paramount Corporation Bhd (PCB) remained bullish on the prospects for the second half of the year despite a rocky first half due to the Covid-19 pandemic and the Movement Control Order (MCO).

KUALA LUMPUR (Feb 21): Paramount Corp Bhd wants to expedite the distribution of the RM177 million allocated as special dividend to its investors following the completion of the sale of its controlling equity interest in its pre-tertiary education business to Prestigion Education Sdn Bhd yesterday.

KUALA LUMPUR (Aug 23): Paramount Corp Bhd, which reported a lower second-quarter (2Q) net profit yesterday following the absence of a disposal gain, announced that Benjamin Teo Jong Hian, the son of chairman and executive director Datuk Teo Chiang Quan, has joined the group’s board of directors as an executive director.

  KUALA LUMPUR (June 22): Earlier this week, Paramount Corp stated that it entered into a conditional share sales and purchase agreement with Character First Sdn Bhd and Two Horses for the disposal of majority stakes in three of its subsidiaries involved in pre-tertiary private education business.

PETALING JAYA (March 7): Paramount Corp Bhd will be launching seven projects in northern and central Malaysia with a total GDV of RM1.

KUALA LUMPUR (Dec 29): Paramount Corp Bhd has established a 20-year unrated Islamic Medium Term Notes (Sukuk Murabahah) Programme of up to RM800 million in nominal value.

  KUALA LUMPUR (Nov 22): Paramount Corp Bhd’s net profit for the third quarter ended Sept 30, 2018 (3QFY18) shrank by 81% to RM15.

The measures introduced in Budget 2019 will certainly help to promote home ownership, said Paramount Corp Bhd CEO Jeffrey Chew.

KUALA LUMPUR (Oct 26): Under a securitisation exercise to streamline group assets and achieve a more efficient capital structure, Paramount Corp Bhd has proposed to dispose of three of its tertiary education campuses to a special purpose vehicle for a combination of cash amounting to RM420 million and new cumulative redeemable non-convertible preference shares in the vehicle.

PETALING JAYA (Aug 24): Property developer Paramount Property Development Sdn Bhd is on track to meet its full year sales target of RM1 billion with its 1H2018 sales already hitting RM598 million, said Paramount Corp Bhd group CEO and director Jeffrey Chew at an analyst and fund manager’s briefing for Paramount Corporation’s 1H2018 financial results today.